SPVs Any Advice
Discussion
I wish to setup two SPVs
One will be used by me, other for me and sister.
Sell current properties to SPVs (these are low value around SDLT threshold)
Also buy a new Property, this will have a family member renting the property. I gather I have to charge rent?
anyone have experience of SPVs?
I guess the downside is extra accounts but upside is protection for IHT.
will also run this past Mortgage Broker and Accountants before going ahead.
One will be used by me, other for me and sister.
Sell current properties to SPVs (these are low value around SDLT threshold)
Also buy a new Property, this will have a family member renting the property. I gather I have to charge rent?
anyone have experience of SPVs?
I guess the downside is extra accounts but upside is protection for IHT.
will also run this past Mortgage Broker and Accountants before going ahead.
Edited by jrinns on Tuesday 12th November 18:17
Seek advice of course
There are a few things to consider
E.g.
Multiple properties at around the SDLT threshold might mean ‘linked transactions’
https://www.gov.uk/guidance/sdlt-linked-purchases-...
There are a few things to consider
E.g.
Multiple properties at around the SDLT threshold might mean ‘linked transactions’
https://www.gov.uk/guidance/sdlt-linked-purchases-...
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